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Xstate Raises $3.82m to Power Next Phase of Diona-1 Testing
9:22am on Friday 31st of October, 2025 AEDT
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Xstate Raises $3.82m to Power Next Phase of Diona-1 Testing
9:22am on Friday 31st of October, 2025 AEDT
Key Points
Two-tranche placement raises $3.82 million before costs
Tranche 1 completed under ASX Listing Rule 7.1; Tranche 2 awaits shareholder approval
Participants receive options exercisable at $0.04, subject to approval
Funds earmarked for Diona-1 flow testing, exploration, and working capital
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XSTATE RESOURCES (ASX:XST)
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